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Man Group posts growth in funds under management on market recovery

Oct 16 (Reuters) - British hedge fund manager Man Group on Friday reported a 4.4% rise in funds under management, as it saw a recovery in markets after a steep selloff earlier in the year when most of the world was under coronavirus-induced lockdowns.

FUM as of September-end was $113.1 billion, higher than the $108.3 billion it reported as of June 30. (Reporting by Muvija M in Bengaluru; editing by Uttaresh.V)

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